Avenue Supermarts IPO gets a thumbs-up from experts

Friday, March 3, 2017, 2:58 PM

One of the most profitable food and grocery retail chains in India, is all set to go public. Avenue Supermarts, which owns and operates D-Mart stores, is all set to raise over Rs 1,800 crores through an initial public offering (IPO). Avenue Supermarts owns the D-Mart chain of around 120 retail stores, most of them in Maharashtra and Karnataka.